93. Personal Financial Statement

A personal financial statement is the cumulative record of all the financial activities of your business that you have done or plan to do in the future. For any kind of business, personal financial statement are required to present a clear picture about the finances of a company. The various financial statement which you need to include are:

1) Balance sheet – This will details facts about your liabilities and assets.

2) Cash Flow – The amount of cash going in and out of the company

3) Income statements – These are details about the profit and loss which a company has made.